Dec, 31, 2023 — PENNSTAR FEDERAL CREDIT UNION is a federal credit union headquartered in HERMITAGE, PA with 3 branch locations and about $53.08 million in total assets. Opened 64 years ago in 1960, PENNSTAR FEDERAL CREDIT UNION has about 4,105 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PENNSTAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4139 E State St HERMITAGE, PA 16148-3402 |
| Phone: | (724) 981-2973 |
| Fax: | (724) 981-2973 |
| Website: | https://pennstarfederal.com |
| Branches: | 3 branch locations |
| Members: | 4,105 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13760 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $53,081,490 |
| CEO/Manager: | Nichole A Sayers |
| Chairperson: | Glenn Zahniser |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,298,025 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,486,646 |
| Unsecured Loans | 2,316,006 |
| Other Loans | 13,290,230 |
| TOTAL LOANS | 20,092,882 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,192 |
| Land And Building | 379,050 |
| Other Fixed Assets | 834 |
| NCUSIF Deposit | 454,672 |
| All Other Assets | 0 |
| TOTAL ASSETS | 53,081,490 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 594 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 159,530 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,770,612 |
| Regular shares | 20,916,289 |
| All Other Shares & Deposits | 17,983,483 |
| TOTAL SHARES & DEPOSITS | 44,670,384 |
| TOTAL LIABILITIES | 44,830,508 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,250,982 |
| TOTAL EQUITY | 8,250,982 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 53,081,490 |
| INCOME & EXPENSE | |
| Loan Income | 885,021 |
| Investment Income | 439,155 |
| Other Income | 265,328 |
| Total Employee Compensation & Benefits | 577,093 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 820,871 |
| Non-operating Income & (Expense) | 387,298 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,405 |
| Cost of Funds | 255,780 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 303,653 |
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